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vovangra [49]
3 years ago
7

At the beginning of each of her four years in college, Miranda took out a new Stafford Loan. Each loan had a principal of $5,500

, an interest rate of 7.5% compounded monthly, and a duration of ten years. Miranda paid off each loan by making constant monthly payments, starting with when she graduated. All of the loans were subsidized. What is the total lifetime cost for Miranda to pay off her 4 loans? Round each loan's calculation to the nearest cent.
A) $23,650.00
B) $29,481.08
C) $7,834.32
D) $31,337.27
Please walk me through this.
Mathematics
2 answers:
valentina_108 [34]3 years ago
7 0

Answer:

a

Step-by-step explanation:

miss Akunina [59]3 years ago
5 0

Answer:

a

Step-by-step explanation:

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<em><u>Answer:</u></em>

I'm assuming this is a <em>combining like terms</em> question, in which case the answer would be 6n - 3c.

<u><em>Step-by-step explanation:</em></u>

I'm guessing your teacher wants you to combine the like terms, and 1n plus 5n = 6n, minus 3c is the answer, which is 6n - 3c. If your teacher wanted you to solve for each variable, you can't do that because you don't have enough information, and there's an infinite number of solutions.

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